<p>It is only the Australian dollar that is sitting higher than the US dollar in trading so far today. Traders adopted a more risk-on approach early on but we have seen equities pare most of that gains in European morning trade as flows are slowly trickling back in to start the new year.</p><p>USD/JPY is up […]
Blogs
All runways at Tokyo's Haneda Airport now closed after airplane was caught in flames
<p>The plane is reported to be carrying more than 300 passengers and is believed to have collided with a Japanese coast guard aircraft as it was travelling down the runway. It seems like Japan can't really catch a break at the moment after the earthquake in Ishikawa. This certainly is an extremely rare accident to […]
UK December final manufacturing PMI 46.2 vs 46.4 prelim
<ul><li>Prior 47.2</li></ul><p>Output, new orders, and employment conditions all declined in the UK manufacturing sector at the end of last year. And that suggests that overall activity remains weak with a rather uncertain outlook. Of note, business optimism also dipped further to a 12-month low. S&P Global not
UK shop price inflation seen at lowest since June 2022
<p>The annual shop price inflation in the UK is seen at 4.3% in December, the same as it was in November – which is the weakest since June 2022. This follows six straight months of a drop in price pressures. The breakdown shows food price inflation easing to 6.7% (previously 7.8%) while non-food inflation rose […]
Eurozone November M3 money supply -0.9% vs -1.0% y/y expected
<ul><li>Prior -1.0%</li></ul><p>Broad money growth in the euro stays on the decline towards the end of last year, with the ECB maintaining tighter financial conditions for now.</p> This article was written by Justin Low at www.forexlive.com.
Eurozone December final manufacturing PMI 44.4 vs 44.2 prelim
<ul><li>Prior 44.2</li></ul><p>The reading is a 7-month high, helped by a modest improvement in German manufacturing conditions. That being said, this still marks a significant contraction in the euro area industry with the outlook for this year also still up in the air. The worry here is that the downturn might eventu
Germany December final manufacturing PMI 43.3 vs 43.1 prelim
<ul><li>Prior 42.6</li></ul><p>Even with a strong contraction in manufacturing conditions, this is still a 8-month high reading for Germany – which speaks more to how bad things got at some point last year. But at least now, new orders are seen declining at its slowest rate since April and price pressures are als
France December final manufacturing PMI 42.1 vs 42.0 prelim
<ul><li>Prior 42.9</li></ul><p>Little change to the initial estimate but this still marks a substantial contraction in France's manufacturing output and new orders to end the year. Of note, employment conditions deteriorated as well last month. HCOB notes that:</p><p>"The French manufacturing sect
Italy December manufacturing PMI 45.3 vs 44.4 expected
<ul><li>Prior 44.4</li></ul><p>Output and new orders fell but at a slower pace to end the year, but both are observing nine straight months of declines so that paints a better picture overall of Italy's manufacturing sector. HCOB notes that:</p><p>“Italy's manufacturing industry wraps up the year
Quadcode Markets Releases A New Interface
<p><a href="https://quadcodemarkets.com/cy-en/" target="_blank" rel="follow">Quadcode Markets</a>, an EU-regulated CFD broker, has introduced a number of substantial updates to its interface. These improvements simplify navigation and analysis, further enhancing traders’ platform experience.</p>